STX 4.65% 22.5¢ strike energy limited

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  1. 3,784 Posts.
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    Looks like a reasonable result,if not spectacular. This well was not a major investment, but the fact that it is likely commercial and adjacent to existing infrastructure is excellent news. At least not a duster! May add a few hundred thousand up to $1m as a guess to annual EBIT. Won't be able to estimate until flow has been tested...I would think a commercial flow woudl be say 1mil cfd. Anyone else have an opinion?

    regards
    DF
 
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